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Nutka1998 [239]

2 years ago

9

The total amount paid on a 35 year loan was $98,000. If the interest rate was 4.1% and compounded monthly, what was the principa

l? Round your answer to the nearest cent.

2 answers:

IRINA_888 [86]2 years ago

7 0

Answer:

$23,392

Step-by-step explanation:

Use the compound interest formula and substitute the values given: $98,000=P(1+.041/12) $^{12(35)}$

Simplify using order of operations:

$98,000=P(1.003416667) $^{420}$

P=$98,000(1.003416667) $^{420}$

P≈$23,392

Levart [38]2 years ago

5 0

Answer:

The principal amount was $23,393.45

Step-by-step explanation:

The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%

We will calculate Principal amount by this formula

$A=P(1+\frac{r}{n})^{nt}$

Where A = amount (98,000)

P = Principal amount (P)

r = rate of interest 4.1% (0.041)

n = number of compounding interest monthly (12)

t = time (35 years)

$98,000=P(1+\frac{0.041}{12})^{(12)(35)}$

$98,000=P(1+0.003416)^{(420)}$

$98,000=P(1.003416)^{(420)}$

98,000 = P(4.189386)

= 4.189386P = 98,000

P = $\frac{98000}{4.189386}$

P = 23,392.4494 ≈ $23,392.45

The principal amount was $23,393.45

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I WILL AWARD BRAINLIEST!! PLEASE HELP!!

bezimeni [28]

Answer:

Part 1) $A(57/7,9),B(4,16/5), m=7/5$

Part 2) $A(-7,6),B(9,-6/7), m=-3/7$

Part 3) $A(80/3,9),B(5,2.5), m=0.3$

Part 4) $A(-10/63,1/3),B(2/3,-22/90), m=-0.7$

Part 5) $A(-1/5,7),B(8,48), m=5$

Step-by-step explanation:

we know that

The equation of the line into slope intercept form is equal to

$y=mx+b$

where

m is the slope

b is the y-coordinate of the y-intercept

Part 1) we have

$7x-5y=12$

step 1

Find the slope

$7x-5y=12$

isolate the variable y

$y=(7/5)x-(12/5)$

so

the slope is $m=(7/5)$

step 2

Find the missing coordinate of point A

To find the x-coordinate of point A substitute the value of y-coordinate in the equation

$9=(7/5)x-(12/5)$

$(7/5)x=9+(12/5)$

$(7/5)x=(57/5)$

$x=(57/7)$

step 3

Find the missing coordinate of point B

To find the y-coordinate of point B substitute the value of x-coordinate in the equation

$y=(7/5)(4)-(12/5)$

$y=(28/5)-(12/5)$

$y=(16/5)$

Part 2) we have

$y=-(3/7)x+3$

step 1

Find the slope

the slope is $m=-(3/7)$

step 2

Find the missing coordinate of point A

To find the x-coordinate of point A substitute the value of y-coordinate in the equation

$6=-(3/7)x+3$

$(3/7)x=3-6$

$(3/7)x=-3$

$x=-7$

step 3

Find the missing coordinate of point B

To find the y-coordinate of point B substitute the value of x-coordinate in the equation

$y=-(3/7)(9)+3$

$y=-(27/7)+3$

$y=-(6/7)$

Part 3) we have

$y=0.3x+1$

step 1

Find the slope

the slope is $m=0.3$

step 2

Find the missing coordinate of point A

To find the x-coordinate of point A substitute the value of y-coordinate in the equation

$9=0.3x+1$

$0.3x=9-1$

$0.3x=8$

$x=80/3$

step 3

Find the missing coordinate of point B

To find the y-coordinate of point B substitute the value of x-coordinate in the equation

$y=0.3(5)+1$

$y=2.5$

Part 4) we have

$6.3x+9y=2$

step 1

Find the slope

$6.3x+9y=2$

isolate the variable y

$y=-(0.7)x+(2/9)$

so

the slope is $m=-0.7$

step 2

Find the missing coordinate of point A

To find the x-coordinate of point A substitute the value of y-coordinate in the equation

$(1/3)=-(0.7)x+(2/9)$

$(0.7)x=(2/9)-(1/3)$

$(0.7)x=(2/9)-(1/3)$

$(0.7)x=-(1/9)$

$x=-(10/63)$

step 3

Find the missing coordinate of point B

To find the y-coordinate of point B substitute the value of x-coordinate in the equation

$y=-(0.7)(2/3)+(2/9)$

$y=-(14/30)+(2/9)$

$y=-(22/90)$

Part 5) we have

$y-5x=8$

step 1

Find the slope

$y-5x=8$ -------> $y=5x+8$

the slope is $m=5$

step 2

Find the missing coordinate of point A

To find the x-coordinate of point A substitute the value of y-coordinate in the equation

$7=5x+8$

$5x=7-8$

$x=-1/5$

step 3

Find the missing coordinate of point B

To find the y-coordinate of point B substitute the value of x-coordinate in the equation

$y=5(8)+8$

$y=48$

6 0

2 years ago

josh is 6 years older than 4 times Kim's age. The sum of their ages is less than 31. what is the oldest Kim could be? show all y

Mice21 [21]

Answer:

4 years old.

Step-by-step explanation:

Lets say that Josh's age is j and Kim's age is k. As Josh is 6 years older than 4 times Kim's age, we can write this as an equation:

j = 4k + 6

This is, John's age is equal to four times Kim's plus 6 years.

We then know that, when summed their ages is less than 31, so:

k + j < 31

Replace John's age by our first equation:

k + 4k + 6 < 31

5k + 6 < 31

Subtract 6 in both sides:

5k + 6 - 6 < 31 - 6

5k < 25

Dividing both sides by 5:

5k/5 < 25/5

k < 5

So, Kim's age MUST be less than 5.

If we talk about discrete values, this is 1, 2, 3, 4, 5, 6...., we will say than the oldest Kim could be is 4. If Kim is 5 years old, the sum of ages is 31 and we need it ti be LESS than 31. (we are not considering fractional numbers as 4.5 years old).

So, Kim can be, at maximum, 4 years old.

7 0

1 year ago

Find any relative extrema of the function. (Round your answers to three decimal places.)

Strike441 [17]

(x) = arcsec(x) − 8x

f'(x) = d/dx( arcsec(x) − 8x )

<span> 1/xsqrt( x^2 - 1) - 8</span>

f'(x) = 0

1/xsqrt( x^2 - 1) - 8 = 0

8 x sqrt (x^2-1) = 1

<span> ( 8 x sqrt (x^2-1) )^2 = 1</span>

64 x^2 ( x^2 - 1) = 1

64 x^4 - 64 x^2 =1

64 x^4 - 64 x^2 - 1 = 0

x = 1.00766 , - 1.00766

<span> x = - 1.00766</span>

f(- 1.00766) = arcsec(- 1.00766) − 8( - 1.00766)

f( - 1.00766 ) = 11.07949

x = 1.00766

f(1.00766) = arcsec(1.00766) − 8( 1.00766)

f(1.00766 ) = -7.93790

relative maximum (x, y) = (- 1.00766 , 11.07949 ) relative minimum (x, y) = ( 1.00766 , -7.93790 )

8 0

2 years ago

Kona wants to bake at most 30 loaves of banana bread and nut bread for a bake sale. Each loaf of banana bread sells for $2.50,an

Mila [183]

Answer:

Step-by-step explanation:

30 loaves of banana bread and nut bread at most

Banana bread is sold for $2.5

Nut bread is sold for $2.75

Total income she wants to make $44

Given that x represent loaves of bread

And y represent loaves of nut bread

First statement

She wants to make at most 30 of both loaves bread and nut, at most means the maximum she wanted to make is 30, so it is either 30 or less than 30.

Therefore the sum of the loaves bread and the nut bread is less or equal to 30.

Mathematically,

x+y≤30. Equation 1

Second statement

She wants to make at least a gain of $44, that is, the minimum money she wants to make is $44

Banana bread is sold for $2.5

Therefore she will make 2.5x by banking x nut bread

Nut bread is sold for $2.75

She will make 2.75y by baking y nut bread.

Therefore,

Since she wants to make at least $44,

The inequality is,

2.5x+2.75y≥ 44. equation 2

The inequalities model are

1. x+y≤30

2. 2.5x+2.75y≥ 44

3 0

1 year ago

Because you are working a late shift, you will get an increase in your wage. You will get and additional 10% per hour from 6:00p

siniylev [52]

CHECK THE COMPLETE QUESTION BELOW:

Supervisor: "Because you are working a late shift, you will get an increase in your wage. You will get an additional 10% per hour from 6:00 PM to 12:00 AM and additional 15% from 12:00 AM to 1:00 AM." Employee: "I am working from 2:00 PM to 12:00 AM. Between 2:00 PM and 6:00 PM, I will make $12.00 per hour. Between 6:00 PM and 12:00 AM, I will make __________ per hour

Answer:

I will make $13.2 per hour

Explanation:

It can be deducted from the question that that the money Employee gets money for Working from 2.00 PM to 6.00 PM = $12per hour

Also the Employee gets additional 10% of money for working from 6.00 PM to 12.00 AM which implies that

10% = (10/100)*$12per hour

=$1.2per hour

Again, Employee gets additional 15% of the money for working from 12.00 AM to 01.00 AM which can be calculated as:

15% = (15/100)*$12per hour

=$1.8 per hour

which means that Employee gets additional $1.8 per hour

of the money for working from 12.00 AM to 01.00 AM

Therefore, if Employee works from 2.00 PM to 12.00 AM,

Employee will gets money for Working from 2.00 PM to 6.00 PM as well as the 10\% extra wage which

= $12 + $1.2 = $13.2

= \$ 12 + \$ 1.2 = \$ 13.2

7 0

2 years ago